1037 S Bonnie Brae Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath
ACTIVE$1,890,000
1037 S Bonnie Brae Street, Los Angeles, California 90006
0Bed
0Bath
3,524Sqft
7,498Lot
Year Built
1896
Close
-
List price
$1.89M
Original List price
$2.2M
Price/Sqft
$536
HOA
-
Days on market
-
Sold On
-
MLS number
OC24141558
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.89M(75th), sqft - 3524(50th), beds - undefined(50th), baths - undefined(50th).
4 units property and being used as 7 units. 3 units are being rent out per room. Property is conveniently located in moments from downtown LA, Westlake MacArthur Park Metro. 8 blocks from downtown LA.
Nearby schools
2/10
Tenth Street Elementary School
Public,•K-5•0.3mi
3/10
Leo Politi Elementary School
Public,•K-5•0.5mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.5mi
8/10
Hoover Street Elementary School
Public,•K-5•0.6mi
3/10
Magnolia Avenue Elementary School
Public,•K-6•0.7mi
4/10
Norwood Street Elementary School
Public,•K-5•1.0mi
/10
Mariposa-Nabi Primary Center
Public,•K-2•1.2mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.2mi
3/10
Los Angeles Elementary School
Public,•K-5•1.5mi
3/10
Hobart Boulevard Elementary School
Public,•K-5•1.5mi
5/10
Vermont Avenue Elementary School
Public,•K-5•1.6mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•2.1mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•2.4mi
3/10
John H. Liechty Middle School
Public,•6-8•0.6mi
3/10
Berendo Middle School
Public,•6-8•0.9mi
4/10
John Adams Middle School
Public,•6-8•1.9mi
5/10
Pio Pico Middle School
Public,•6-8•2.3mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.8mi
4/10
West Adams Preparatory High School
Public,•9-12•0.9mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.2mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.2mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.2mi
3/10
Belmont Senior High School
Public,•9-12•1.2mi
5/10
Santee Education Complex
Public,•9-12•1.7mi
5/10
Foshay Learning Center
Public,•K-12•2.7mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.2mi
Price History
Date
Event
Price
03/06/00
Sold
$177,000
Condition Rating
Poor
Built in 1896, this property is extremely old and shows significant signs of deferred maintenance and outdated systems. Images reveal worn exterior paint, overgrown landscaping, bare bulb light fixtures, window AC units, and worn carpets. The MLS description explicitly states it will require 'extensive and costly renovations, system upgrades (e.g., plumbing, electrical, roofing)' to meet modern standards. The unpermitted unit conversions also indicate a property in need of substantial rehabilitation and code compliance, far beyond minor updates.
Pros & Cons
Pros
High Income Potential: The property is currently operating as 7 units, including per-room rentals, significantly maximizing its rental income potential beyond its legal 4-unit designation.
Exceptional Location: Conveniently located moments from Downtown LA, Westlake, and the MacArthur Park Metro, offering excellent access to employment centers, amenities, and public transportation.
Investment Opportunity: Classified as a Residential Income property (Quadruplex), making it an attractive asset for investors focused on cash flow generation.
Significant Price Adjustment: A substantial price reduction from the original list price of $2.199M to $1.89M indicates a motivated seller and potential for a value acquisition.
Generous Lot Size: The 7,498 sqft lot provides ample space, potentially offering opportunities for future development, expansion, or enhanced outdoor amenities (subject to zoning and permits).
Cons
Unpermitted Unit Conversions: Operating as 7 units while legally designated as a 4-unit quadruplex poses significant legal and compliance risks, including potential fines, forced de-conversion, or costly legalization processes.
Advanced Age of Property: Built in 1896, the property is very old, likely requiring extensive and costly renovations, system upgrades (e.g., plumbing, electrical, roofing), and ongoing maintenance to meet modern standards and safety codes.
High Management Intensity: The per-room rental model for some units, combined with the high number of occupants across 7 units, can lead to increased tenant turnover, more intensive property management demands, and accelerated wear and tear.